By  on March 20, 2013

Though fourth-quarter net profits declined, J. Crew Group Inc. posted strong results for 2012, including cracking $2 billion in revenues for the first time and opening a record number of stores.

For the year ended Feb. 2, net profits rose 86.7 percent to $96.1 million from $51.5 million in 2011, and revenues rose 20 percent to $2.23 billion, with a 3 percent comparable-sales gain.

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